Who Are We?

GenaRec is the provider of specialised Products and Skills in the automated data reconciliation space. We in fact make Data Matching simple.

What Products?

The products provided by GenaRec are SoloRec, an entry level data reconciliation tool initially aimed at providing bank to cashbook reconciliations, and GroupIT, an advanced generic data reconciliation platform. The options are virtually endless as indicated under the “Reconcile What?” heading below.

  

Who Are Our Partners?

GenaRec has been appointed by Aurum Solutions in the UK as the sole distributers of these data matching products on the African continent. Aurum Solutions has vast experience in the design, development and implementation of data matching products – the current product portfolio represents the latest evolution in data reconciliation solutions.

Reconcile What?

The data matching and data reconciliation capabilities provided are as wide as your imagination. Most organisations today apply spreadsheet technology to perform data reconciliation tasks. The list of application areas which follows is by no means exhaustive and more importantly, the potential uses of the solutions embrace all imaginable business operations.

GroupIT can provide:

  • Data matching of all types of data, from two or more sources
  • Data reconciliation
  • Invoice matching
  • Bank statement reconciliation
  • SWIFT message reconciliation
  • Duplicate invoice detection/elimination
  • Large data volumes
  • ERP systems’ reconciliation
  • Rebate matching to purchase orders, invoices and goods received vouchers
  • Generic reconciliations
  • Customisable reconciliation and data matching
  • Dynamic reconciliation business rules
  • Reconciliation and matching audit trails

  • Foreign exchange matching and billing
  • Customisable lookup tables for data enrichment
  • Data migration support
  • Cross system data matching
  • Cross period data matching
  • Data loaders for transforming disparate data into normalised databases
  • Reconciled data exports back into ERP and other source systems
  • Unmatched item tracking
  • Reconciliation cut-offs within or across financial period
  • Notations to keep record of reconciliation steps
  • Full reconciliation history recording
  • Splitting of source lines
  • Journals and other entries passed back to originating systems

 

Is Data Reconciliation a Problem in Your Business?

Do you find that your various IT systems are spewing forth data in riotous profusion? If one or more of the points listed above represent a gap
in the data handling and interpretation in you organisation, then contact us.

Who to Contact?

Once our site is fully established we shall provide further details. For now we invite you to contact:

Margarida Ferraz on 082 573 5588
or

Peter Marshall on 082 893 9000
or

Marcel Langerman on 083 626 2880